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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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Monday, August 29, 2011

US$...the currency that no-one wants...

While they vacation and go into their dream-like stupor until next year's election is over, the U.S. "powers-that-be" seem to be content to watch the US$ slip further down into the "abyss" as shown on the Weekly chart below...


While Gold holds above the current month's Volume Profile Point of Control of 1773.90 and the Monthly VWAP of 1763.70 after bouncing off a Fibonacci confluence level of 1700ish as shown on the Daily chart below:


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